This volume provides a coherent analysis of the economic, monetary and political aspects of growth dynamics in the Euro area. The different relevant aspects in this debate, presented and discussed by leading scholars and representatives of international organizations, include an assessment of the newest theoretical growth models for open economies, and empirical investigation of: the growth divergence between the US and Europe; the extent to which fiscal coordination is desirable in a monetary union; the role of product and labour market reforms; the complex relationships between exchange rates and growth; the contribution of monetary policy to economic growth; and the prospects for economic growth in monetary unions. Although primarily focused on the Euro area, the analysis is equally relevant to all other common currency areas and should be welcomed by academics and students with an interest in European studies and financial economics, as well as policy and decision makers in international organizations, national institutions and central banks.
Growth in an open economy - some recent developments, Stephen Turnovsky; discussion - Lucrezia Reichlin; knowledge, technology and economic growth - an OECD perspective, Andrea Bassanini et al; discussions - Raouf Boucekkine et al; fiscal policy and growth in the context of European integration, Paul Masson; discussions -Henri Bogaert and Jef Vuchelen; economic growth and the labour market - Europe's challenge, Charles Wyplosz; discussions -Bernard Thiry and Freddy Heylen; the role of exchange rate in economic growth - a Euro area perspective, Ronald MacDonald; discussions - Gabriele Galati and Michel Dombrecht; the contribution of monetary policy - Otmar Issing; discussions -Andre Van Poeck and Paul Reding; monetary union and economic growth, John Vickers; discussions - Giovanni Ravasio and Filip Abraham.
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- ID: 9781840646658
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